Please help me with a solution

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6 Points Posted on 19 March 2021

I am having a travels company, I purchased vehicles in the month of November 2020, for my business and I have an itc of around 200000, can I claim ITC as I am making exempt supplies since April 2020, but exempt supplies pertains to my travel business

 

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On 19 March 2021 at 20:42 Report
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Chartered Accountant
24588 Points Posted on 19 March 2021
Yes you can claim ITC
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On 19 March 2021 at 20:49
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PRACTICE
673 Points Posted on 19 March 2021
No you cannot avail the credit....
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On 19 March 2021 at 21:29
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298 Points Posted on 19 March 2021
Ur outward supply is exempt supply then u can't claim itc it would be cost
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On 19 March 2021 at 22:04
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Chartered Accountant
24588 Points Posted on 19 March 2021
Yes yes for exempt supplies you cannot avail ITC
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On 19 March 2021 at 23:07
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6 Points Posted on 20 March 2021

Thank you so much... 

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On 20 March 2021 at 18:41

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